Nissui completes tender offer, repurchases 7.86m shares

Nissui Corporation (TSE:1332) announced the completion of its tender offer for the repurchase of its own shares, effective June 11, 2025. The company repurchased a total of 7,864,875 common shares, representing approximately 2.52% of the total issued and outstanding shares. The total acquisition cost amounted to JPY6,071,683,500, excluding fees associated with the tender offer agent and other related expenses. The tender offer, initiated on May 15, 2025, was conducted under Article 156, Paragraph 1 of the Companies Act, as applied pursuant to Article 165, Paragraph 3. This buyback is part of a broader repurchase program, as authorized by the Board of Directors on May 14, 2025, which allows for the repurchase of up to 11,000,100 shares for a total of up to JPY8,492,077,200 by July 31, 2025.